The 93-year-old insurer had a rough year as severe hurricanes and wildfires destroyed homes and other property, forcing Nationwide to pay almost $17 billion in claims. But while revenues dipped slightly, its profits more than doubled due to benefits stemming from the 2017 tax reform legislation. At the same time, the company has been building on its core homeowners, life, and auto policy offerings by investing and partnering with startups specializing in insurance tech, a.k.a. insurtech.
Company Info
| CEO | Kirt A. Walker |
| CEO Title | Chief Executive Officer & Director |
| Sector | Financials |
| Industry | Insurance: Property and Casualty (Mutual) |
| HQ Location | Columbus, Ohio |
| Website | www.nationwide.com |
| Years on Fortune 500 List | 25 |
| Employees | 30,472 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $43,270 |
| Profits ($M) | $512.6 |
| Assets ($M) | $214,141.9 |
| Total Stockholder Equity ($M) | $14,478.1 |
Profit Ratios
| Profit as % of Revenues | 1.2% |
| Profits as % of Assets | 0.2% |
| Profits as % of Stockholder Equity | 3.5% |
Earnings Per Share (Last Fiscal Year)
| Earnings Per Share ($) | - |
| EPS % Change (from 2017) | - |
| EPS % Change (5 year annual rate) | - |
| EPS % Change (10 year annual rate) | - |
Total Return
| Total Return to Investors (2018) | - |
| Total Return to Investors (5 year, annualized) | - |
| Total Return to Investors (10 year, annualized) | - |